The global trade in soybeans has been disrupted by the U.S.-China trade war. That can be seen in the 63.3% year over year drop in U.S. exports to China in the 12 months to July 31 despite an 8.3x rise in the month of July versus a year earlier. American farmers have instead switched exports to Mexico, Japan and the EU. Exporters from Argentina are reportedly withholding supplies due to new capital controls. Brazilian suppliers meanwhile have struggled to capitalize with exports in the past 12 months down by 3.9% year over year to July including a 33.6% slump in the month of July. The maj...